westgold resources - buying into voy
WGR/CPC JV is buying in VOY. Had already bought into ARQ and done well out of that transation so far (up around 40% in a month or so). Still priced well below value of cash and shares in ARQ and VOY.
Looks like WGR/CPC JV is targeting Perth Basin. They've announced they're interested in looking at getting a interests in production or near production opportunites.
Also WGR still have hope of getting a windfall from court case. They won the last court case against PMA so wouldn't be a big surprise to reap a few more million from this one.
Anyone got any thoughts? Cheers hots
WGR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
